Bitcoin Remains in 195-Day Sideways Movement with Only 36 Days of Gains
Bitcoin (BTC) has been in a sideways movement for 195 days, part of a two-year trend characterized by sluggish price action and short rallies. A crypto analyst indicates that only 36 days have seen meaningful gains during this cycle. Despite market fatigue and repeated new lows, the analyst believes the cycle continues.
Key Insights from Bitcoin's Market Cycle
- The current Bitcoin market cycle has shown prolonged range-bound activity with brief upward momentum phases.
- Since December 18, 2024, Bitcoin has not set a new local high and has consolidated for 195 days.
- Total time spent in actual upward expansion is just 5.76 months; only 36 days marked new local highs.
Expansion bursts, lasting two to five days, account for all significant price increases. The remainder of the cycle is marked by sluggish price consolidation and fading momentum.
Price Action Analysis
- The bottom section of the analysis shows Bitcoin's price has remained flat or trended lower throughout the cycle.
- Major sideways phases of 192 days in 2023 and 238 days in 2024 reflect minimal upside.
- The current range has nearly reached 200 days of inactivity.
Despite ongoing stagnation, the analyst suggests that accumulation may indicate potential pressure for a significant breakout, with targets set between $165,000 and $180,000. Currently trading at $106,990, this represents a potential increase over 54%.
Historical patterns suggest that BTC's next major move could occur quickly, as past expansions have delivered results within a few trading sessions.
